DeFi Roars Back: Total Value Locked Jumps Past $100B After April Slump

According to recent figures, the total value locked in decentralized finance (DeFi) has once again exceeded the $100 billion threshold, a level not glimpsed since the final week of March.

DeFi’s Big Return: TVL Crosses $100B With Aave and Lido Dominating the Pack

Data sourced from defillama.com indicates that the current total value locked (TVL) in DeFi stands at $100.607 billion. The previous occasion when TVL reached this height was on March 27, 2025, approximately 30 days ago. In the interim, TVL dipped to a low point of $84.87 billion on April 9. Over the past month, Aave emerged as the sole protocol among the top six to post gains.

The seventh and eighth largest DeFi apps, Babylon and Spark, also recorded increases, with Spark soaring by 96.92% since March 27. Babylon advanced by a more measured 1.85% during the 30-day span. In contrast, Uniswap and Binance’s Staked Ether platform registered declines ranging from 2.02% to 4.68%, respectively.

Aave currently holds the top position in TVL size, commanding $19.75 billion today, which constitutes 19.63% of the total locked in DeFi. Lido follows with $17.033 billion, as the liquid staking ether platform accounts for 16.93% of the TVL today. Together, Aave and Lido encompass 36.56% of DeFi’s $100.607 billion total.

Roughly 51.24% of the collective value, or $51.384 billion, resides on the Ethereum blockchain. Solana’s share presently stands at 8.06% or $8.046 billion, while the Binance Smart Chain accounts for $5.88 billion, representing 5.86%. Bitcoin DeFi ranks as the fourth-largest chain, comprising 5.65% of TVL or $5.656 billion. Meanwhile, Tron holds the fifth-largest spot, capturing 5.12% or $5.13 billion.

Collectively, Ethereum, Solana, Binance Smart Chain, Bitcoin, and Tron command 75.93% of the cumulative DeFi TVL. This rekindling points to a resurgence of faith in DeFi’s foundational protocols, with staking and lending platforms steering the accumulation trend. As liquid staking and lending frameworks stabilize, the growing dispersion across various blockchains reflects an expanding appetite for multi-chain participation.

The steady recovery following April’s decline illustrates DeFi’s resilience and hints at a phase of expansion spanning multiple networks. Moreover, according to Google Trends data from the past 12 months, even as the total value locked (TVL) in DeFi has grown, public interest has dwindled to depths last witnessed in December 2024.

Current Google Trends figures reveal that the search term “DeFi” holds a score of 63 out of a possible 100. Today, the top five regions showing the most curiosity toward DeFi are Mauritius, Burkina Faso, St. Helena, Haiti, and France. At the same time, the term “Aave” has emerged as one of the most prominent related topics linked to the “DeFi” search query.

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